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Friday, January 27, 2012

Consumer Sentiment Rose in January

Consumer sentiment continues to climb, reaching 75.0 in January, up from December’s reading of 69.9, according to the University of Michigan’s consumer sentiment index. Sentiment has now improved for five consecutive months, reaching its highest level since last February. Consumer sentiment has recovered steadily since dropping to near historic lows in August, on concern over the US debt debate.


The improvement in the index was driven both by future expectations and assessment of current conditions, with increases of 5.5 and 4.6 points respectively.

Inflationary expectations rose slightly in the near-term, with the one-year expectation rising from 3.1% to 3.3%. Despite this long-term inflationary expectations remain anchored, with the expected five-year inflation steady at 2.7%.

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